Page 1 of 1
26 00:53:12 Ask Gardner Company expects sales for October of $253,000. Experience suggests that 40% of sales are for cas
Posted: Sun Jul 03, 2022 1:07 pm
by answerhappygod
- 26 00 53 12 Ask Gardner Company Expects Sales For October Of 253 000 Experience Suggests That 40 Of Sales Are For Cas 1 (44.55 KiB) Viewed 12 times
26 00:53:12 Ask Gardner
Company expects sales for October of $253,000. Experience suggests that 40% of sales are for cash and 60% are on credit. The
company collects 50% of its credit sales in the month of sale and 50% in the month following sale. Budgeted Accounts Receivable on September 30 is $69,500. What is the amount of Accounts Receivable on the October 31 budgeted balance sheet? Multiple Choice O O O O O $101,200. $126,500. $69,500. $75,900 $151,800.